Mid-America Apartment Communities Inc (MAA, Financial) is set to release its Q2 2024 earnings on Aug 1, 2024. The consensus estimate for Q2 2024 revenue is $545.41 million, and the earnings are expected to come in at $1.01 per share. The full year 2024's revenue is expected to be $2.19 billion and the earnings are expected to be $4.35 per share. More detailed estimate data can be found here.
Mid-America Apartment Communities Inc (MAA, Financial) Estimate Trends
Over the past 90 days, revenue estimates for Mid-America Apartment Communities Inc (MAA) for the full year 2024 have increased from $2.19 billion to $2.19 billion, and for 2025 from $2.25 billion to $2.25 billion. Earnings estimates for the full year 2024 have risen from $4.26 per share to $4.35 per share, while for 2025, they have slightly declined from $4.18 per share to $4.17 per share.
Mid-America Apartment Communities Inc (MAA, Financial) Reported History
In the previous quarter of March 31, 2024, Mid-America Apartment Communities Inc's (MAA) actual revenue was $543.62 million, which beat analysts' revenue expectations of $540.70 million by 0.54%. Mid-America Apartment Communities Inc's (MAA) actual earnings were $1.22 per share, which beat analysts' earnings expectations of $1.03 per share by 18.33%. After releasing the results, Mid-America Apartment Communities Inc (MAA) was up by 0.81% in one day.
Mid-America Apartment Communities Inc (MAA, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 20 analysts, the average target price for Mid-America Apartment Communities Inc (MAA) is $141.45 with a high estimate of $156 and a low estimate of $124. The average target implies a downside of -0.08% from the current price of $141.56.
Based on GuruFocus estimates, the estimated GF Value for Mid-America Apartment Communities Inc (MAA, Financial) in one year is $182.33, suggesting an upside of 28.8% from the current price of $141.56.
Based on the consensus recommendation from 23 brokerage firms, Mid-America Apartment Communities Inc's (MAA, Financial) average brokerage recommendation is currently 2.8, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies a strong buy, and 5 denotes a sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
